Democrats want credit card reform effective sooner
WASHINGTON (Reuters) - Credit card issuers' recent actions prove that lawmakers should move up the effective date of new restrictions on card interest rates and fees, U.S. Representative Barney Frank said on Thursday.
People:Barack Obama Activities:111th Congress Source:(Reuters)
2009-10-08
Regulators adopt new credit card rules
WASHINGTON - Federal regulators on Thursday adopted sweeping new rules for the credit card industry that will shield consumers from increases in interest rates on existing account balances among other changes.
Activities:Global Financial Crisis
2008-12-18
Regulators nix credit card debt forgiveness plan
WASHINGTON - Federal bank regulators have rejected a request by banks and consumer advocates for a program to let lenders forgive huge portions of credit card debt.
Activities:2008 U.S. Financial Rescue Source:(AP)
2008-11-13
The Steady Ascent of the Debit Card
Raquel Garcia is serious about avoiding debt. The 18-year-old customer-service representative for U-Haul recently canceled her credit card. Now she gets her entire paycheck deposited onto a prepaid debit card, which she uses for all her purchases. Since she can access only what's in the account, Garcia no longer worries about breaking her budget: "I'm spending just what I need."
Source:(BusinessWeek)
2008-11-02
|